Compare Sedona's Best Reverse Mortgages
Sedona Reverse Mortgage Lenders
We are proud to be Arizona's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states including all of Arizona and Sedona, AZ.
All Reverse began in 2004, and as the name implies, the only loan product that All Reverse Mortgage® originates is the residential reverse mortgage loan.
We offer reverse mortgages to Sedona homeowners and our staff has a combined lending experience exceeding 100 years with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse Mortgage® is well positioned to be able to assist borrowers with all specific needs associated with the reverse mortgage program.
Sedona Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Sedona (est)||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or "Heck-um"). The HECM is HUD's acronym for their reverse mortgage loan.
All Reverse Mortgage® originates in Sedona and closes both refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly a combination of both.
About All Reverse Mortgage®
The owners and management of All Reverse Mortgage® were part of the team that wrote and sold the first fixed-rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well. We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values, so not all borrowers are better served with the jumbo programs.
Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision. It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.
Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool and many are now seeking the reverse mortgage to augment their retirement plans and not so much as a mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit that grows that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan for the future as well.
Situated about 30 miles south of Flagstaff and very close to the beautiful Coconino National Forest, Sedona is a small town with an estimated population of just over 10,000 as of 2017, according to the U.S. Census Bureau. Named after the wife of the city’s first postmaster, Sedona Arabella Miller Schnebly, the settlement we now know as Sedona was founded in 1902, but wasn’t actually incorporated as a city situated between Yavapai and Coconino counties until 1988.
Among the major sites to see, and one of the area’s biggest points of pride, is its wide array of beautiful red sandstone formations. When caught by the light of a rising or setting sun, they can almost appear as if they’re glowing in vibrant shades of orange and red. The formations form a major part of the city’s aesthetic makeup, often serving as a regular backdrop for the many hiking and biking trails situated around the area.
One of the defining cultural sites in Sedona that takes advantage of its rock formations is the beautiful Chapel of the Holy Cross, a structure designed by sculptor Marguerite Brunswig Staude, who was a student of legendary architect Frank Lloyd Wright. Built into the buttes of Sedona and run by the Roman Catholic Diocese of Phoenix, Staude is said to have been inspired by the construction of New York’s Empire State Building.
Rising 70 feet out of a 1,000-foot redrock cliff, the chapel was given the Award of Honor by the American Institute of Architects in 1957, a year after its construction was first completed. While officially a Catholic site, it is open to all visitors. In the words of its architect, “Though Catholic in faith, as a work of art the Chapel has a universal appeal. Its doors will ever be open to one and all, regardless of creed, that God may come to life in the souls of all men and be a living reality.”
Sedona’s red sandstone formations have also provided the setting for a number of major motion pictures throughout the decades. Movies like Johnny Guitar, Angel and the Badman, Desert Fury, Blood on the Moon, The Last Wagon, and both the original 1957 and the 2007 remake of 3:10 to Yuma all elected to shoot some of their footage within the natural beauty of Sedona. However, the landscape often stands in for places like California or Texas in many of the movies the location appears in.
Sedona also has a vibrant arts scene, with wine tastings, spas and shopping areas helping to round out some of what you can see in the city, if you wanted to spend some time away from the trails.
Unlike some other areas in the state of Arizona, Sedona is home to a more temperate, but still reasonably arid climate. The lowest that its average temperature gets is just above 30 degrees fahrenheit in the month of January, while its average highest temperature is around 97 degrees in the middle of the summer. This is actually a bit cooler than some other parts of Arizona, making it a bit more comfortable in the hotter months compared to areas that reach well into the triple digits in some parts of the state.
Sedona Lending Limits
While it stands as a generally smaller community, nearly a third of Sedona’s population consists of seniors that are at least 65 years old, according to U.S. Census Bureau data. 83% of the city’s senior population are also made up of homeowners, building in a large community for any seniors considering a relocation to the Sedona area.
Over 1,000 homeowners currently living in Sedona are age 62 and older, the youngest age at which a person can be eligible to obtain a reverse mortgage. Several of these older homeowners have already done their research and begun using reverse mortgages to support their retirement needs.
Compared with the average home price in Arizona, Sedona’s median home price is over twice as high as the rest of the state at $513,800, according to the Zillow Home Value Index. Prices in the area have increased 7.8% over the past year, and Zillow projects that they will continue to rise over the course of the next year by roughly 2.6%.
While some homes in Sedona may be worth more than this median value, if your home has been appraised for more than the HUD lending limit of $726,525, you may still be able to tap into your home equity with the help of a reverse mortgage.
If you're a homeowner who fits this description and you're interested in using a reverse mortgage to supplement your retirement, you might want to consider a jumbo reverse mortgage, from which you may be able to access a greater portion of your home equity than you otherwise would with a HUD-backed HECM reverse mortgage.
Reverse mortgages might not be the perfect solution for every homeowner, but depending on your particular situation, a HECM could be something to consider as you approach your retirement years.
If you reside in Sedona, All Reverse Mortgage® is here to answer your questions. reverse mortgage calculator to estimate your reverse mortgage lending limit or call us Toll Free (800) 565-1722
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Sedona homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our program benefits that you won't find elsewhere:
|Exclusive 4.25% (5.95% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.98% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local Sedona, AZ lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|